19th May 2020
Property owners flock to sell in second bumper virtual auction
The SDL Auctions team is gearing up for another bumper auction on Thursday 28th May after the launch of the company’s national property auction catalogue, featuring 125 lots – even more than last month.
City flats, coastal retreats and rural family homes all over the country, from Scotland down to Cornwall, are among the lots going under the hammer alongside commercial properties and land.
It will be the second national property auction for the company, and follows the success of April’s auction, which lasted seven hours and featured 115 lots.
Managing director and auctioneer Andrew Parker will once again be at the rostrum, accompanied in the auction studio by his wife, Rachael, who is the regional property manager for the East Midlands, managing internet bids. A remote team will handle telephone bids.
Andrew said: “We are excited to be holding another national property auction, with even more lots than last month. We are selling a great range of properties to suit private buyers, investors and developers alike.”
First to go under the hammer on 28th May will be 4 Little Green Lanes in Sutton Coldfield, a detached refurbishment bungalow with a *guide price of £90,000+. The chalet-style bungalow is boarded up and behind an overgrown garden but Andrew says it is expected to attract keen bidding: “Condition is no object for the investor or developer, who will spot the potential of this property right away.”
Buyers looking for one-level living without the refurbishment should consider Havenbrook, Cotgrave Road in the pretty Nottinghamshire village of Normanton-on-The-Wolds, near Plumtree.
The spacious detached bungalow, which has a guide price of £275,000+, sits on a good-sized plot with ample off-road parking, a double garage with electric doors and wonderful views to all sides.
Although having recently suffered from some water damage, the property is well presented and has propane gas central heating, uPVC double glazing. It comprises a hallway, lounge, dining kitchen with bi-fold doors to the rear garden, bathroom with shower and two/three double bedrooms. The third bedroom is currently used as a study.
If it’s a chocolate box cottage you’re seeking, SDL Auctions can deliver, with a Grade II listed property built in the 1700s and bursting with character and history.
Once the home of renowned artist Lamorna Birch, Green Beck House in Halton Green, Halton, Lancaster, is a five bedroomed detached property with a wide range of reception rooms and bedrooms providing a great deal of flexibility.
Combining exposed beams, fireside cupboards and feature fireplaces with the conveniences of modern living, the property would make a distinctive family home, with a beautiful yet manageable garden and delightful countryside views.
Andrew said: “This is truly a dream property, with its stunning wisteria across the front and packed with character. It’s a fabulous location on the edge of Halton Park and the Forest of Bowland Area of Outstanding Natural Beauty – and yet is only five minutes from the motorway.”
The property has a guide price of £369,000+.
Investors can maximise their returns with a mixed-use property and 574 Hagley Road West in Oldbury provides multiple income streams.
The two-storey building comprises a retail unit, office space, two bedroomed apartment and a storage unit, providing a gross annual income of £16,200. However, the office and storage unit are currently vacant, so the income potential is even greater.
The property, which has a guide price of £185,000+, is on Quinton’s busy Hagley Road with excellent shops and amenities, and good transport links with the M5 and Birmingham city centre within easy reach.
Andrew said: “This is just one of many excellent investment properties going under the hammer in our May national property auction and several, including this one, allow the buyer to start earning an income right away.”
Having switched all of its room auctions to monthly national property auctions broadcast live over the internet, SDL Auctions has continued to operate successfully during the crisis, raising over £17 million for sellers since the lockdown began.
Andrew added: “It is clear the need to sell property has not diminished during the crisis and we’re proud to be able to help sellers achieve their aims by providing the certainty of an auction sale.”
Bids can be placed remotely by proxy, by telephone and on the internet for the auction on Thursday 28th May. To register for remote bidding, please click here.